Business & Money | Tuesday 18 August, 2015 2:30 pm

Deloitte: VAT in the GCC – Old news or new chapter?

The recent action taken by the UAE to eliminate fuel subsidies with effect from 1 August 2015 ignited the debate on tax reform in the Gulf Cooperation Council (GCC) countries. Whilst these countries are facing an increasing amount of pressure on their national budgets, every GCC government...

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Technology & IT | Tuesday 18 August, 2015 1:30 pm

“Ericsson literally many years ahead of the cloud crowd” According to 451 Research

Ericsson (NASDAQ: ERIC) will demonstrate key technologies from its cloud infrastructure portfolio at the Intel Developer Forum 2015 (IDF15), an industry and media event held August 18-20 in San Francisco, US. The event will showcase Ericsson’s cloud technology leadership to a broad...

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Business & Money | Monday 17 August, 2015 11:34 am

MasterCard busts 10 payment myths

Sometimes, a convenient payment solution to make your life easier might seem too good to be true, but with the rise of technology it really is possible. For example, electronic payment developments such as contactless cards and digital wallets seem to be suspiciously simple, too simple in fact that ...

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Business & Money | Friday 14 August, 2015 9:54 am

Inc. Magazine Unveils 34th Annual List of America’s Fastest-Growing Private Companies—the Inc. 5000

RF IDeas, Inc. is pleased to share that it has earned the position of 3289 on the 2015 Inc. 5000 as ranked by Inc. magazine on its 34th annual Inc. 500|5000. This is an exclusive ranking of the nation's fastest-growing private companies. RF IDeas, Inc. is ranked #18 in the Computer...

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Technology & IT | Friday 14 August, 2015 1:28 am

Lenovo 1st Quarter FY15-16: Tough Markets, Solid Results

Lenovo Group (HKSE: 992) (ADR: LNVGY): Revenue was US$10.7 billion, up 3 percent; excluding foreign exchange impacts, revenues were up 10 percent year-over-year Lenovo grew its PC market share in all geographies for record high 20.6 percent share* Pre-tax income before non-cash,...

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Technology & IT | Wednesday 12 August, 2015 1:55 pm

Ericsson’s second quarter reported 44% sales increase in the Middle East region

Ericsson reported a sales increase in the Middle East of 44% year-over-year and 44% sequentially in the second quarter. The yearly growth was driven by continued high investments in mobile broadband across the region while Support Solutions sales showed strong growth, especially in Operating...

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Business & Money | Wednesday 12 August, 2015 10:07 am

Middle East interest in European football continues to grow

Five of the top eight revenue generating clubs in the world have Middle East based shirt sponsors and the involvement of Middle East sponsors is a key part in driving the commercial growth at many of Europe’s biggest clubs. Considering the prominent role the Middle East region plays in the...

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Business & Money | Wednesday 12 August, 2015 7:58 am

Saudi Arabia and Egypt continue strong IPO performance in H1 2015

H1 2015 saw 11 IPOs in the Middle East and North Africa (MENA) region, raising capital of over US$2.4b, according to EY’s MENA IPO Eye – H1 2015. Deal volume decreased by 31% and proceeds raised decreased by 1% in H1 2015, compared with H1 2014. Egypt and Saudi Arabia witnessed the...

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Business & Money | Tuesday 11 August, 2015 8:23 am

Middle East e-commerce Valued at 4.9 Billion US Dollars

The rapidly evolving e-commerce in the Middle East has grown tremendously over the last decade. In May 2013, Go-Gulf designed an infographic estimating that the value of e-commerce in the Middle East in 2015 would reach 4.9 billion US dollars. As the second half of the ...

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Business & Money | Sunday 9 August, 2015 11:50 am

Pride and Frustration in Gulf Banks

Staff in Gulf banks are both proud of, and frustrated by, their work, according to Hay Group. Research conducted in the region by the global management consulting firm shows that banking staff are proud of their work in what they see as a prestigious industry but also feel stifled by their...

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